Asaluyeh hit the headlines after Iran launched missiles at Saudi Arabia’s petrochemical hub, highlighting rising Gulf energy tensions.
Iran's Revolutionary Guards threatened to attack energy facilities across Saudi Arabia, UAE, and Qatar after Iranian gas fields were hit in a series of missile strikes. Qatar's LNG facilities suffered extensive damage, prompting expulsion of Iranian personnel. The conflict has sharply increased regional tensions and energy prices, with ongoing threats of further escalation.
On March 18-19, 2026, Israeli airstrikes targeted Iran's South Pars gas field, the world's largest natural gas reservoir shared with Qatar. Iran retaliated with missile and drone attacks on key energy facilities in Qatar, Saudi Arabia, the UAE, and Kuwait, causing extensive damage and fires. Qatar's Ras Laffan LNG complex suffered significant harm, threatening global gas supplies and pushing Brent crude prices above $110 a barrel. The conflict risks a prolonged energy crisis with global economic impacts.
Turkey's energy minister discusses the global energy crisis caused by Iran's attacks on key infrastructure and the closure of the Strait of Hormuz. The crisis impacts oil prices and supply, with hopes for peace and stability. Turkey emphasizes energy diversification and strategic reserves.
Saudi Arabia's eastern industrial area, including SABIC facilities in Jubail, was targeted by missile strikes, causing fires and evacuations. The King Fahd Causeway was temporarily closed as a precaution. The attacks follow recent strikes on Iran's petrochemical sites and escalate regional tensions.